Cannabis Stock Roundup: CGC, HEXO, TLRY, and More



Canopy Growth gets CIBC coverage

In the morning trading session at around 11:00 AM ET today, Canopy Growth (WEED)(CGC) was off to a positive start with the stock rising nearly 3.7%. The stock was lifted by CIBC’s “outperformer” rating. Read where the consensus analyst rating for Canopy Growth stood in our series Price Target Update for Canopy Growth in January.

Cronos Group (CRON) was also trading higher, by 7%, this morning after CIBC initiated coverage on the stock with an “outperformer” rating and a price target of 22 Canadian dollars. CIBC also initiated coverage on Aphria (APHA) with a “neutral” rating and a price target of 10 Canadian dollars. Aphria was trading almost 1% higher in the early morning session.

Aurora Cannabis (ACB) increased its $250 million debt offering to $300 million this morning. The stock was up almost 84 basis points as of 11:00 ET.

HEXO Corp (HEXO) was also gaining this morning. Its stock rose nearly 6.6% after the company received approval to list on a US exchange, and it will begin US trading on January 23. See HEXO Gets Approval to Be Listed on the NYSE American.

Tilray (TLRY), on the other hand, was trading almost 3% lower when these stocks (HMMJ) were trading higher in the morning session.

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